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At the bottom of the hour.
As we watch the thought that's happening today in the guest for the hour continues to say that the markets are gonna -- continue to perform and there are plenty of ways.
To make money in this market impartial and his co-founder president -- capital.
You know this -- that really -- -- agent -- you say that we're okay right now you like what you're saying why.
In overall yes we've been talking the last couple even weeks about -- a natural pullback on the expectation there be some pullback but it'll be fairly.
Overall we are expected to be short lived yesterday we saw buyers come -- really on back of what was being talked about is better than expected supply to the upside on in terms of China's GDP -- -- -- -- what we saw this morning or overnight.
And also I think the backdrop to the Fed remains still constructive so with the with the with the New York fed president.
Talking about -- that they're being room for more stimulus -- you see CPI the Consumer Price Index come out and shows that inflation really is and is threatening.
The Fed has come -- blatantly saying that.
Inflation concerns are not -- number one issue but actually growth.
An and job creation are they're concerned so -- with the idea that stimulus is still on the table.
A commitment to low interest rates would still on the table so yes we we do understand -- be some give back -- certainly some cross sectors are performed incredibly well the bank sector for example.
Has been a big performer all year giving back a little bit again we -- -- constructive on the market.
In part just given the support to the Fed is is still standing by.
Top the agenda this week about the old -- and frankly it's if you look at history it does make sense that you wanna sell -- May go -- come back in the month of October being the six month -- over history.
Particular for last of the S&P take a massive -- And that time frank.
But you'd you don't really kind of prescribed that's described excuse me you kind of say that basically either stay -- Or cherry pick and stocks but you're not telling your clients to -- -- we we we did dot talk about on the sell in May go away and -- the strategy actually had worked.
For the last two years and that the pullback the last two years during this period particularly from may even into the -- early fall.
Had been fairly dramatic so while we -- thinking that a correction of maybe five plus percent.
Could be part of this we -- not gonna and we weren't expecting is the same type of give back therefore it was either stay the course -- Asian names wisely.
You know good businesses -- -- their business is good global distribution channels I mean all very fundamental stuff but the fact that we weren't expecting.
And they give back that China and and a strategy because I've never you world you're looking for it and think that's gonna be that bad of a number coming out of China you still think it's that bad of an agreement they've got the dominance of.
You know what it's and that to me it's certainly reasons as the number disappointed to I think to to give back calm however you know the idea that the number was let's say.
Slightly weaker than expected but still shows may -- a positive spin on this maybe this is the right move in -- charges -- a sign of a more sustainable.
-- growth for China as well as opposed to -- let's say is.
It is as as dramatic as people and expect to be but again.
I'm to try but a positive spin that is only -- give back.
Alright Jim used to put up positive spend -- say that you stay with that yet and honestly -- mean.
In this country I think coming into what has been in our producers meeting that you know in this country to have that you know growth of 8% you know -- -- a lot of the agreement -- -- percent of the United States.
Enviable position now early.
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